B3 (Base) vs Derive

Derive (DRV) is 13.1× the size of B3 (Base) (B3) by market capitalisation. Over the past 30 days, DRV is ahead by 91.0 percentage points (B3 +22.8% against DRV +113.9%). Their daily returns move closely together (correlation 0.68 across 43 shared trading days). DRV has been the more volatile of the two, at 596% annualised against B3's 155%.

Correlation: 0.68
Size ratio: 1 : 13.1
Ahead over 30 days: DRV

B3 (Base)B3

$0.000596

24h: +0.13%
Market cap: $27.67M
Volume 24h: $3.49M
Volatility (ann.): 155%

DeriveDRV

$0.341647

24h: +12.28%
Market cap: $362.92M
Volume 24h: $7.05M
Volatility (ann.): 596%

B3 7.1%Share of the two combined market caps92.9% DRV

Performance

B3DRV

7 days-8.40%-12.47%B3
30 days+22.83%+113.87%DRV

Correlation

0.68over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6990d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	B3	DRV
Max drawdown (400d)	-31.0%	-32.6%
Risk-adjusted return (90d)	0.14	0.40

Relative strength over 90 days: DRV outperformed B3 by 37.7% — measured on the B3/DRV ratio, so it holds regardless of market direction.

B3 (Base) →Derive →